BUSINESS
Top 5 business news of the day.
1. Only 1% population pays taxes; over 5,000 paid more than Rs 1 crore
Taxpayers account for just about 1% of India's population, but tax outgo was over Rs 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13. Read more
2. Exports in over 50% sectors in negative zone in March
Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand. Read more
3. Govt to soon hold tripartite talks on labour rules
Looking to simplify labour rules, the government will hold tripartite discussions on proposed social security and social codes after the conclusion of ongoing Parliament session. Read more
4. Now, prices of non-subsidised LPG, kerosene, ATF hiked
After petrol and diesel, rates of non-subsidised cooking gas, non-PDS kerosene and aviation turbine fuel (ATF) were today raised in line with global trends. Read more
5. Mercedes-Benz to set-up 'pop-up' stores to promote brand
Luxury carmaker Mercedes-Benz is adopting a kiosk approach at high footfall areas in key cities for promoting the brand through greater 'consumer engagement' as it aims at double-digit growth this year through a line-up of new launches. Read more